Parliamentary finance explains why the dollar exchange rate against the dinar

Parliamentary finance explains why the dollar exchange rate against the dinar

Posted, 24 Jul 2017 19:18:35

Parliamentary finance explains why the dollar exchange rate against the dinarA member of the Finance Committee MP, on Sunday, the high exchange rate of the US dollar against the Iraqi dinar to increase the volume of external imports of construction materials.

Najib Najib said in a press statement that “the rise of the exchange rate of 100 US dollars to 126 thousand dinars came to increase the demand for construction materials and building materials imported in US dollars, explaining that the liberation of most of the areas that were destroyed by the former and the return of most of the displaced and asylum to rebuild their homes led to High demand for construction materials, which led to a rise in the dollar against the dinar. ”

It added that “the measures and controls set by the Central Bank on the sale of hard currency also led to a rise in the dollar, calling for the development of economic plans to study the sale of hard currency at the central bank auction.”

Najib pointed out that “the Finance and Economic Committee in the parliament will hold a meeting with the Central Bank to look at this matter and the development of economic plans to address this rise, which leads to the collapse of the currency of the Arab.”

It is noteworthy that the exchange rate of the US dollar recently rose to 126 thousand dinars per 100 dollars on the Iraqi stock exchanges.

alrassid.org